International Paper reports solid earnings despite continued Russian venture

By , Daily Memphian Published: April 28, 2022 6:49 PM CT
<strong>Memphis-based International Paper reported first-quarter earnings of $288 million on Thursday, April 28. That was up compared to the&nbsp;$198 million it declared for the same period in 2021.</strong>&nbsp;(Mark Weber/The Daily Memphian file)

Memphis-based International Paper reported first-quarter earnings of $288 million on Thursday, April 28. That was up compared to the $198 million it declared for the same period in 2021. (Mark Weber/The Daily Memphian file)

Despite the solid earnings, the first quarter presented unique challenges for IP including the surge of the omicron variant and geopolitical consequences of continuing operations in Russia. 

Topics

International Paper Co. Ilim Group Mark Sutton earnings
Rob Moore

Rob Moore

Rob Moore is an Arkansas native who moved to Memphis to attend the University of Memphis. He holds a B.A. and an M.A. in English. He covers Public Companies, Transportation and Logistics, and Banking and Finance.


Comments

Reading comments and joining the conversation are some of the many benefits of subscribing. Join the conversation by clicking the View Comments button below. Not a subscriber? Click here. 

Our commenting policy can be viewed here